It is imperative for divorcees that don’t have an established career to depend on to find a way to generate income from their divorce settlement that will last a lifetime, even in tough market conditions.

The Institute for Divorce Financial Analysts™ (IDFA™) recently asked its members to share the worst financial mistakes they’ve seen divorce-industry pros make; here’s a taste of what they had to say. Complied By Diana Shepherd, CDFA™ Tax-Loss Carry-Forwards Tax losses have value and must be considered for settlement purposes. I had a divorce client who was

By Loretta Hutchinson: The “Mortgage Forgiveness Debt Relief Act and Debt Cancellation” is set to expire at the end of 2012 as part of the Bush-era tax cuts. If your clients are considering the sale of an “underwater” residence, they have a short window to qualify for this debt forgiveness exemption.